Gold Editorials & Commentary

Once we broke support a few months ago in the metals market, I began pointing to much lower levels before we complete this larger degree 2nd wave within which we have been caught for the better part of two years.

201,000. The August job gains is an impressive number, but 2.9 percent is even better. This is the annual jump in wages. How will it affect the gold market?

I’ve been so skeptical about gold’s rallies for so long that I’ll stick closely to the technical evidence to guide me this time, lest I miss the start of the real McCoy. Although the December contract looks almost certain to reach the 1223.90 target shown, I doubt...

Every once in a while the trading action in a given market breaks through its historically normal boundaries and starts exploring new territory. This can mean one of two things: Either something fundamental has changed, creating a “new normal” to which participants...

Even this basic question has been made deliberately opaque by the co-conspirators at the CFTC. Much has been made recently—and rightfully so—of the ongoing extremes being reported within the weekly, CFTC-generated Commitment of Traders report. This report, which...

Many emerging markets are now turning to submerging markets as country after country is experiencing falling economies, currencies and stock markets.

Today’s analysis is going to be different than the other ones. We usually discuss what happened on a given day, week, or month…and we elaborate on what it changed and what it didn’t change in case of the outlook for gold, silver, and mining stocks. But not today....

The financial world runs on “funny money” or debt based currencies. More currency = more debt. How much debt? In a word – “unimaginable.” But another important word we should consider is “unsustainable.”

Positioning, sentiment and market structure favor a powerful rally in gold. The COTs released by the CME on September 7, 2018, show the gross speculative short position grew 1.3% to 213,259 contracts, just shy of the all-time record set two weeks ago. On a net basis...

All gold market eyes should be on the late September timeframe. The next rate hike decision from the Fed is September 26, while the next gold option expiry on the COMEX is September 25. US trade announcements with Japan are also likely to happen around this same...

The gold-silver ratio has been one of the most reliable technical ‘buy’ indictors for silver, whenever the ratio climbs above 80. The gold-to-silver ratio has now spiked above 85, which is the highest level of this entire 18-year bull market! In fact, you have to go...

A decade ago this week, in the US, the government had just nationalised government-sponsored mortgage lenders Fannie Mae and Freddie Mac.

“Capitalism works” is how Ken Langone, billionaire co-founder of Home Depot, opens his new book, I Love Capitalism!: An American Story. “Let me say it again: It works! And—I’m living proof—it can work for anybody and everybody…. Show me where the silver spoon was in...

It’s not every day that a clear example showing the horrors of central planning comes along—the doublethink, the distortions, and the perverse incentives. It’s not every year that such an example occurs for monetary central planning. One came to the national...

The best performing metal this week was palladium, down 0.31 percent. Gold traders and analysts are bullish on the yellow metal for a third week in a row, according to a weekly Bloomberg survey. Although silver has fallen 16 percent so far this year, its continued...

This is the last emerging market crisis story for a while, promise. But one angle – exactly how a plunging currency in a far-off place affects supposedly stable markets like the US – is worth exploring because it’s happening right this minute.

We have seen how the PBC has now begun and is making itself felt around the world starting at the periphery of the global economy, next moving to the senior markets of the world and eventually being transmitted to the core of the financial system.  As of now the US...

Last week was marked by a sharp correction in NDX, while DJIA held up well.  SPX, which is a kind of hybrid of the two, logged in six consecutive days of decline spanning a total of almost 50 points.  The last two days entered a zone of support which ranges from...

Last week’s action saw gold holding in a consolidation pattern, with the metal bottoming in Tuesday's session with the tag of 1195.10 - before rallying up to a Thursday high of 1212.70, then pulling back off the same to end the week.

The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large speculators cut back on their bets for the US Dollar Index futures markets this week for the first time in...

Obviously a mere glance at the above Gold Scoreboard's right hand panel shows us measures of two monies we regularly follow, i.e. the U.S. Dollar money supply (M2) and the price of gold, which until some seven years ago ceased its naturally moving up in positive...

I would like to update some of the PM charts we’ve been following to see how they’ve been progressing starting with the massive ten year H&S top on gold. Since the price action broke below the neckline several weeks ago it’s a week to week observation to see how...

Gold sector is now on a major sell signal. Speculation is now at net short for the first time since 2001. Gold sector cycle is down.

You may know me as the guy using weird planetary alignments while assigning proper fundamentals to the gold sector, and recently even doing the same with a somewhat subjective and philosophical view of gold as an important counterweight or insurance component to a...

Twenty-five percent tariffs on $200bln or 40% of China’s exports to the U.S. are due to go into effect today or shortly thereafter. There seems little doubt that the U.S. will proceed with these tariffs: the U.S.’ trade deficit with China hit a new record high in...

Another Labor Day has come and gone, and I sit here in the back of my boat typing yet another rambling, rancorous recount of forty-one years covering the financial markets, and I have to tell you—I am depressed.

Gold and silver were thrashed this past summer, relentlessly pounded to deep new lows.  That has fueled extreme bearishness, with traders convinced the precious metals’ fundamentals are rotten.  But epic all-time-record futures short selling by speculators was the...

Washington, DC – The battle to end taxation of constitutional money has reached the federal level as U.S. Representative Alex Mooney (R-WV) today introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion.

The crisis in emerging markets deepened this week with currencies around the world collapsing in value and gold reaching new record highs in these fiat currencies. Equity indices in emerging markets have seen sharp drops and now developed markets are seeing weakness...

The recent rally attempt of the gold stocks fizzled out as the December 2016 lows failed to hold. Now the miners are making new lows. As they pine for the next support they figure to be even more oversold as more bulls throw in the towel.